Legal Question in Family Law in Ohio
Divorce and Debt
Can I remove my name from a loan and transfer it to my wife's name as a part of the dissolution agreement?
Asked on 4/20/09, 5:04 pm
1 Answer from Attorneys
Nancy Fioritto Patete
Nancy Fioritto Patete, Esq.
Re: Divorce and Debt
If you both signed off in the separation agreement to do this, the court has no problem. However, the lender needs to approve your wife's assumption of the loan. The court has no jurisdiction over consumer lending rules and regulations.
Answered on 4/21/09, 8:18 am